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Highlights
- Energy's net earnings were $614 million in 2008, an increase of $100 million from $514 million in 2007. Energy's comparable earnings were $641 million in 2008, an increase of $182 million from $459 million in 2007.
- In August 2008, TransCanada acquired the 2,480 MW Ravenswood facility in Queens, New York for US$2.9 billion, subject to certain post-closing adjustments.
- Approximately 2,700 MW of additional generation capacity was under construction at December 31, 2008, with an anticipated capital cost of $5 billion.
- Since 1999, the nominal generating capacity of TransCanada's Energy business has increased by approximately 7,800 MW, representing an investment of approximately $7 billion to the end of 2008, with an additional 2,700 MW currently under development and construction.
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